The Ensign Group (NASDAQ:ENSG) Director Mark Vincent Parkinson Sells 100 Shares of Stock

Key Points

• Director Mark Parkinson sold 100 ENSG shares at an average price of $179.62, reducing his direct holdings by 2.22% to 4,400 shares. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan.
• Ensign Group shares fell 2.0% to $173.05, while the company reported quarterly EPS of $1.92, beating estimates by $0.12, and revenue increased 16.7% year over year to $1.44 billion.
• Analysts maintain a “Moderate Buy” consensus rating with an average price target of $216.25; the company also declared a quarterly dividend of $0.065 per share.

The Ensign Group, Inc. (NASDAQ:ENSG - Get Free Report) Director Mark Parkinson sold 100 shares of the stock in a transaction that occurred on Friday, October 16th. The stock was sold at an average price of $179.62, for a total transaction of $17,962.00. Following the sale, the director directly owned 4,400 shares of the company's stock, valued at approximately $790,328. This trade represents a 2.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

The Ensign Group Trading Down 2.0%

NASDAQ ENSG traded down $3.58 during mid-day trading on Monday, hitting $173.05. The company's stock had a trading volume of 277,384 shares, compared to its average volume of 507,133. The Ensign Group, Inc. has a 52-week low of $141.58 and a 52-week high of $218.00. The stock's fifty day simple moving average is $175.42 and its two-hundred day simple moving average is $175.42. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.21 and a quick ratio of 1.21. The firm has a market capitalization of $10.09 billion, a P/E ratio of 27.12, a price-to-earnings-growth ratio of 1.67 and a beta of 0.66.

The Ensign Group (NASDAQ:ENSG - Get Free Report) last announced its quarterly earnings results on Monday, July 27th. The company reported $1.92 earnings per share for the quarter, beating analysts' consensus estimates of $1.80 by $0.12. The Ensign Group had a net margin of 6.90% and a return on equity of 16.75%. The firm had revenue of $1.44 billion for the quarter, compared to analysts' expectations of $1.44 billion. During the same period in the previous year, the company posted $1.59 earnings per share. The Ensign Group's revenue was up 16.7% compared to the same quarter last year. The Ensign Group has set its FY 2026 guidance at 7.750-7.850 EPS. Research analysts expect that The Ensign Group, Inc. will post 7.04 EPS for the current year.

The Ensign Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, October 31st. Investors of record on Wednesday, September 30th will be issued a dividend of $0.0650 per share. The ex-dividend date is Wednesday, September 30th. This represents a $0.26 annualized dividend and a dividend yield of 0.2%. The Ensign Group's payout ratio is presently 4.08%.

Institutional Trading of The Ensign Group

A number of hedge funds have recently made changes to their positions in the company. BlackRock Inc. acquired a new position in The Ensign Group in the second quarter worth about $937,218,000. Bank of New York Mellon Corp bought a new stake in The Ensign Group in the second quarter valued at about $65,470,000. Paradigm Capital Management Inc. NY bought a new stake in The Ensign Group in the second quarter valued at about $54,742,000. Bank of America Corp DE bought a new stake in The Ensign Group in the second quarter valued at about $37,509,000. Finally, Wasatch Advisors LP raised its stake in The Ensign Group by 10.7% during the second quarter. Wasatch Advisors LP now owns 2,278,324 shares of the company's stock valued at $365,215,000 after buying an additional 220,329 shares in the last quarter. Hedge funds and other institutional investors own 96.12% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on ENSG shares. Truist Financial increased their price target on The Ensign Group from $202.00 to $207.00 and gave the company a "hold" rating in a report on Thursday, July 30th. Royal Bank Of Canada reissued an "outperform" rating and issued a $228.00 price objective on shares of The Ensign Group in a research report on Tuesday, July 28th. Wall Street Zen cut The Ensign Group from a "buy" rating to a "hold" rating in a research note on Saturday. Finally, Weiss Ratings raised The Ensign Group from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday, October 8th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $216.25.

The Ensign Group Company Profile

The Ensign Group, Inc is a healthcare services company that provides skilled nursing, post-acute care and rehabilitation services. Its facilities serve patients recovering from illness, injury or surgery, as well as individuals requiring long-term nursing care and support with daily living.

Through its operating subsidiaries, Ensign also provides assisted living and other senior care services. Its portfolio includes skilled nursing facilities, senior living communities and related healthcare operations, with services such as physical, occupational and speech therapy, medically complex care and rehabilitation.

Founded in 1999 and headquartered in San Juan Capistrano, California, The Ensign Group operates healthcare facilities across multiple U.S.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.